MIRA INFORM REPORT
|
Report No. : |
357563 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAMMAICA INDIA LIMITED |
|
|
|
|
Registered
Office : |
Office No.904, 9th Floor, C Wing, Trade World, Kamala Mill Compund, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91- 22-28070017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
31.03.1981 |
|
|
|
|
Com. Reg. No.: |
11-024162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.95.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74994MH1981PLC024162 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Trading of Fabrics [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (23) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Rammaica India Limited was setup in the year 1981 and it is having
moderate track record. The rating is constrained on company moderate financial profile marked
by accumulates losses over the year which has eroded the reserves of the
company leading to deterioration of the capital structure of the company. Rating is further constrained on company’s huge borrowing which has
leverage the balance sheet profile of the company. This rating weakness is partially offsets by the long track record of
company operational history and extensive experience of its promoter’s. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DENIEDBY
|
Name : |
Mr. Kapil Jhunjhunwala |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9819247835 |
|
Date : |
31.12.2015 |
LOCATIONS
|
Registered Office : |
Office No.904, 9th Floor, C Wing, Trade World, Kamala Mill Compund, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91- 22-28070017 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Rupam Dukulchandra Chitalia |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Pandurang Ramchandra Nawghane |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Kamlesh Kanaiyalal Joshi |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Mansi Prajwal Patel |
|
Designation : |
Director |
SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding
as a % of Total No. of Shares |
|
(A) Shareholding of Promoter
and Promoter Group |
||
|
|
|
|
|
|
2262800 |
23.76 |
|
|
2262800 |
23.76 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
2262800 |
23.76 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
3000 |
0.03 |
|
|
3000 |
0.03 |
|
|
|
|
|
|
3754300 |
39.42 |
|
|
|
|
|
|
1341700 |
14.09 |
|
|
2008200 |
21.08 |
|
|
155000 |
1.63 |
|
|
60000 |
0.63 |
|
|
95000 |
1.00 |
|
|
7259200 |
76.21 |
|
Total Public shareholding
(B) |
7262200 |
76.24 |
|
Total (A)+(B) |
9525000 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
9525000 |
100.00 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Promoter and Promoter Group
|
Sl.No. |
Name of the
Shareholder |
Details of Shares
held |
|
|
No. of Shares held |
As a % of grand
total (A)+(B)+(C) |
||
|
1 |
Tien Trading Pvt Ltd |
22,62,800 |
23.76 |
|
|
Total |
22,62,800 |
23.76 |
(*) The term encumbrance has the same meaning as assigned
to it in regulation 28(3) of the SAST Regulations, 2011.
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Public and holding more than 1% of the total number
of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of
Total No. of Shares |
|
|
1 |
Basant Marketing Pvt Ltd |
1429000 |
15.00 |
|
|
2 |
Indigo Edutaiment Pvt Ltd |
905900 |
9.51 |
|
|
3 |
Basant Marketing Pvt Ltd |
475000 |
4.99 |
|
|
4 |
Himalay Dassani |
450000 |
4.72 |
|
|
5 |
Ramakant Basudeo Parasrampuria |
200000 |
2.10 |
|
|
6 |
Arch Finance Ltd |
212200 |
2.23 |
|
|
7 |
Anil Jaikishandas Mistry |
125500 |
1.32 |
|
|
8 |
Aashish Ashok Punjani |
100000 |
1.05 |
|
|
9 |
Govind N Daliya |
100000 |
1.05 |
|
|
10 |
Mahavirpasad Toshniwal (HUF) |
99900 |
1.05 |
|
|
11 |
Ventura Securities Ltd |
97400 |
1.02 |
|
|
12 |
Adroit Financial Services Pvt Ltd |
109700 |
1.15 |
|
|
|
Total |
4304600 |
45.19 |
Shareholding of securities
(including shares, warrants, convertible securities) of persons (together with
PAC) belonging to the category “Public” and holding more than 5% of the total
number of shares of the company
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of
Total No. of Shares |
|
|
1 |
Basant Marketing Pvt Ltd |
1429000 |
15.00 |
|
|
2 |
Indigo Edutaiment Pvt Ltd |
905900 |
9.51 |
|
|
|
Total |
2334900 |
24.51 |
Details of disclosure
made by the Trading Members holding 1% or more of the Total No. of shares of
the company.
|
Sl. No. |
Name of the Trading
Member |
Name of the
Beneficial Owner |
No. of shares held |
% of total no. of
shares |
Date of reporting
by the Trading Member |
|
1 |
VENTURA SECURITIES LTD. |
11 client/s (individual holding less than 1%) |
97,400 |
1.02 |
20/10/2015 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Fabrics [Registered Activity] |
|
|
|
|
Products : |
Fabrics |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
STATUTORY AUDITORS |
|
|
Name : |
SSRV And Associates Chartered Accountant |
|
Address : |
39/41, Parankuti, Office No: 103, 1st Floor, 4th Kumbbharwada, Mumbai - 400004., Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9525000 |
Equity Shares |
Rs.10/- each |
Rs.95.250
Million |
|
|
|
|
|
Reconciliation of the
shares outstanding of the beginning and at the end of the reporting period.
|
Particulars |
AS on 31.03.2015 |
|
|
|
Equity Shares |
|
|
|
Numbers |
Rs. In Million |
|
Shares Outstanding at the beginning of the year |
9525000 |
95.250 |
|
Shares Issued during the year |
-- |
-- |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
9525000 |
95.250 |
Details of Shareholders holding more than 5% shares in the company
|
Particulars |
AS on 31.03.2015 |
|
|
|
Equity Shares |
|
|
|
Number of Shres Held |
% of Holding |
|
Tien Trading Private Limited |
2262800 |
23.76% |
|
Basant Marketing Private Limited |
1904000 |
19.99% |
|
Ram Laminates Private Limited |
0.000 |
0.000 |
|
Texfab Yans Private Limited |
0.000 |
0.000 |
|
Total |
1904000 |
43.75% |
Terms/rights attached to equity shares
The company has only class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.
In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all the preferential amounts. The distribution will be in proportion to the number of equity held by the shareholders.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
95.250 |
95.250 |
|
(b) Reserves &
Surplus |
|
(33.671) |
(34.588) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
61.579 |
60.662 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
52.700 |
11.860 |
|
(b) Trade payables |
|
98.696 |
0.000 |
|
(c) Other current
liabilities |
|
0.155 |
0.260 |
|
(d) Short-term provisions |
|
2.476 |
2.066 |
|
Total Current Liabilities
(4) |
|
154.027 |
14.186 |
|
|
|
|
|
|
TOTAL |
|
215.606 |
74.848 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
37.661 |
37.661 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.096 |
1.096 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
38.757 |
38.757 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
7.666 |
4.605 |
|
(c) Trade receivables |
|
137.510 |
31.208 |
|
(d) Cash and cash equivalents |
|
0.146 |
0.224 |
|
(e) Short-term loans and
advances |
|
31.527 |
0.054 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
176.849 |
36.091 |
|
|
|
|
|
|
TOTAL |
|
215.606 |
74.848 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
137.509 |
101.346 |
|
|
Other Income |
|
0.000 |
0.000 |
|
|
TOTAL |
|
137.509 |
101.346 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
137.913 |
101.799 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(3.061) |
(2.209) |
|
|
Employees benefits
expense |
|
0.638 |
0.295 |
|
|
Other expenses |
|
0.693 |
0.963 |
|
|
TOTAL |
|
136.183 |
100.848 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1.326 |
0.498 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.410 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
0.916 |
0.498 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
|
0.916 |
0.498 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
Basic |
|
0.10 |
0.05 |
|
|
Diluted |
|
0.10 |
0.13 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
(0.78) |
(46.387) |
|
Net cash flows from (used in) operations |
|
NA |
NA |
QUARTERLY RESULTS
|
Particulars |
|
30.06.2015 (Unaudited) |
30.09.2015 (Unaudited) |
|
|
|
|
|
|
Net Sales |
|
70.140 |
23.190 |
|
Total Expenditure |
|
69.890 |
23.180 |
|
PBIDT (Excl OI) |
|
0.250 |
0.010 |
|
Other Income |
|
NA |
NA |
|
Operating Profit |
|
0.250 |
0.010 |
|
Interest |
|
NA |
NA |
|
Exceptional Items |
|
NA |
NA |
|
PBDT |
|
0.250 |
0.010 |
|
Depreciation |
|
NA |
NA |
|
Profit Before Tax |
|
0.250 |
0.010 |
|
Tax |
|
0.180 |
NA |
|
Provisions and
contingencies |
|
NA |
NA |
|
Profit After Tax |
|
0.180 |
0.010 |
|
Extraordinary Items |
|
NA |
NA |
|
Prior Period Expenses |
|
NA |
NA |
|
Other Adjustments |
|
NA |
NA |
|
Net Profit |
|
0.180 |
0.010 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2015 |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
0.67 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.75 |
1.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.86 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.15 |
2.54 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.3.55/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
95.250 |
95.250 |
|
Reserves & Surplus |
(34.588) |
(33.671) |
|
Net worth |
60.662 |
61.579 |
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
11.860 |
52.700 |
|
Total borrowings |
11.860 |
52.700 |
|
Debt/Equity ratio |
0.196 |
0.856 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
101.346 |
137.509 |
|
|
35.683 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
101.346 |
137.509 |
|
Profit |
0.498 |
0.916 |
|
|
0.49% |
0.67% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
HIGHLIGHTS
During the year the Company has Income of Rs. 137.509 Millin including other income as compared to Rs. 101.346 Millin in the previous year. The Net profit after tax was Rs. 0.916 million against the Net Profit of Rs. 0.497 Million in the previous year.
MANAGEMENT
DISCUSSIONS AND ANALYSIS REPORTS
This MD and A provides analysis of the operating performance of the Company’s business, as well as a discussion of cash flows, the impact of risks and outlook for the business, Additional information about the company. This discussion and analysis is the responsibility of management. The Board of Directors carries out its responsibilities for review of this disclosure principally through its Audit Committee, comprised exclusively of independent Directors. The Audit Committee has reviewed and approved this disclosure and it has also been approved by the Board of Directors.
The management of the company is presenting herein the overview, opportunities and threats, initiatives by the
Company and overall strategy of the company and its outlook for the future. This outlook is based on management’s own assessment and it may vary due to future economic and other future developments in the country.
SEGMENT-WISE
PERFORMANCE
The Company operates in single segment i.e. trading of Fabrics. The Business Segment has been identified as separate segment in accordance with Accounting Standard 17 ‘Segment Reporting’.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.09.2015
(Rs. In Million)
|
Particulars
|
3 Months ended |
|
|
|
30.09.2015 |
30.06.2015 |
|
|
(Unaudited) |
(Unaudited) |
|
1.
Income from operations |
|
|
|
Net sales/ Income from operation (net of excise duty) |
23.006 |
70.136 |
|
b) Other operating income |
0.179 |
0.000 |
|
Total
income from Operations(net) |
23.185 |
70.136 |
|
2.Expenditure |
|
|
|
a) Cost of material consumed |
0.000 |
0.000 |
|
b) Purchases of stock in trade |
17.402 |
71.829 |
|
c) Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
5.038 |
(2.240) |
|
d) Employees benefit expenses |
0.000 |
0.120 |
|
e) Depreciation and amortization expenses |
0.000 |
0.000 |
|
f) Other expenditure |
0.737 |
0.376 |
|
Total expenses |
23.175 |
69.884 |
|
3. Profit from operations before other income and
financial costs |
0.010 |
0.251 |
|
4. Other income |
0.000 |
0.000 |
|
5. Profit from ordinary activities before finance costs |
0.010 |
0.251 |
|
6. Finance costs |
0.000 |
0.000 |
|
7. Net profit/(loss) from
ordinary activities after finance costs but before exceptional items |
0.010 |
0.251 |
|
8. Exceptional item |
-- |
-- |
|
9. Profit from ordinary
activities before tax Expense: |
0.010 |
0.251 |
|
10.Tax expenses |
0.003 |
0.076 |
|
11.Net Profit / (Loss) from ordinary activities
after tax (9-10) |
0.007 |
0.176 |
|
12.Extraordinary Items (net
of tax expense) |
-- |
-- |
|
13.Net Profit / (Loss) for
the period (11 -12) |
0.007 |
0.176 |
|
14.Paid-up equity share capital (Face value Rs.10/- per share) |
9.525 |
9.525 |
|
15. Reserve excluding Revaluation Reserves as per balance sheet of
previous accounting year |
-- |
-- |
|
16.i) Earnings per share (before
extraordinary items) of Rs.10/- each) (not annualised): |
|
|
|
(a) Basic |
0.01 |
0.18 |
|
(b) Diluted |
0.01 |
0.18 |
|
Particulars
|
|
30.09.2015 |
30.06.2015 |
|
|
|
|
|
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
|
7262200 |
7262200 |
|
- Percentage of shareholding |
|
76.25 |
76.25 |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
|
-- |
-- |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
|
-- |
-- |
|
Percentage of shares (as a % of total share capital of the
company) |
|
-- |
-- |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
|
2262800 |
2262800 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
|
23.75 |
23.75 |
|
|
|
|
|
|
Percentage of shares (as a % of total share capital of the
company) |
|
100.00 |
100.00 |
|
|
|
|
|
|
B. Investor
Complaints |
3 Months Ended |
|
|
|
|
30.09.2015 |
|
|
|
Pending at the beginning of the quarter |
0 |
|
|
|
Receiving during the quarter |
1 |
|
|
|
Disposed of during the quarter |
1 |
|
|
|
Remaining unreserved at the end of the quarter |
0 |
|
|
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10373065 |
31/07/2012 |
22,500,000.00 |
ORIENTAL BANK OF COMMERCE |
FORT BRANCH, JASH CHAMBERS,, SIR P. M. ROAD, FORT , MUMBAI, MAHARASHTRA - 400001, INDIA |
B56583602 |
|
2 |
90186090 |
11/07/1994 |
10,000,000.00 |
INDUSTRIAL DEVEL. BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, BOMBAY, MAHARASHTRA - 400005, INDIA |
- |
|
3 |
90185748 |
22/08/1991 |
30,000,000.00 |
STATE BANK OF INDIA |
MALAD, MALAD, MAHARASHTRA, INDIA |
- |
|
4 |
90185651 |
08/11/1990 |
20,000,000.00 |
STATE BANK OF INDIA |
MALAD BRANCH, S.V. ROAD, BOMBAY, MAHARASHTRA - 400004, INDIA |
- |
|
5 |
90185290 |
14/01/1988 |
16,000,000.00 |
STATE BANK OF INDIA |
GHATKOPAR, L.B.S., BOMBAY, MAHARASHTRA, INDIA |
- |
|
6 |
90187429 |
14/01/1988 |
2,000,000.00 |
STATE BANK OF INDIA |
L.B.S. MARG, GHAT KOPAR, BOMBAY, MAHARASHTRA - 40 |
- |
|
7 |
90187385 |
09/12/1986 |
3,000,000.00 |
STATE BANK OF INDIA |
MALAD, S.V. ROAD, BOMBAY, MAHARASHTRA - 400064, INDIA |
- |
|
8 |
90187382 |
09/11/1986 |
7,200,000.00 |
STATE BANK OF INDIA |
L.B.S. MARG, GHAT KOPAR, BOMBAY, MAHARASHTRA, IND |
- |
|
9 |
90184946 |
22/04/1985 * |
2,000,000.00 |
THE INDUSTRIAL CREDIT AND INVEST. CORP. OF INDIA LTD. |
163; BACKBAY RECLAMATION, BOMBAY, MAHARASHTRA - 40 |
- |
|
10 |
90187298 |
29/05/1984 |
4,500,000.00 |
STATE BANK OF INDIA |
GHATKOPAR BRANCH, L.B.S. MARG, BOMBAY, MAHARASHTR |
- |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
UK Pound |
1 |
Rs.98.55 |
|
Euro |
1 |
Rs.72.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
23 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.